STUDY: US Carbon Tax Would Devastate Economy And Not Change Temp

Newly proposed carbon taxes would devastate the U.S. economy while doing nothing to reduce projected global warming, according to a new study published by scientists at the libertarian Cato Institute.

Researchers found that carbon taxes cause considerably more economic damage than generic taxes do and disproportionately target the poor, so even a revenue-neutral carbon tax would probably reduce economic growth while doing little to fix global warming.

“There are all sorts of things wrong with a carbon tax, but primarily, it does little to nothing to limit carbon dioxide [CO2] emissions to the extent necessary to have any appreciably [sic] impact on the future course of the earth’s climate, and it produces a net drag on the economy, ” Chip Knappenberger, a climate scientist at Cato who was involved in the study, told The Daily Caller News Foundation.

Only four nations — Ireland, Sweden, Chile, and Finland — actually have carbon taxation today. The largest economy to ever have a carbon tax, Australia, repealed it in 2014 over concerns it was harming the economy. No country taxes CO2 emissions at the levels deemed necessary to substantially mitigate global warming as defined by the Intergovernmental Panel on Climate Change (IPCC). The study found that even the most well regarded carbon taxes haven’t done much to actually reduce CO2 emissions.

“When we look at conditions in the real world—including our existing tax structure—the imposition of a carbon tax will lead to higher costs and no climate gains,” Knappenberger continued. “A revenue-neutral carbon tax which replaces the myriad of federal regulations seeking to limit greenhouse gas emissions is sometimes pitched as a climate change mitigation policy that ‘conservatives’ can get behind. We show that it isn’t—either in theory or in practice.”

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Amber

A two year election campaign and Hillary ‘s plan to introduce a $Trillion dollar carbon tax never even gets mentioned ? Instead we get hours of Bimbo talk and detailed accounts of the sex poodles .
Doesn’t the main street media have a job to do ?
A $$ 20 Trillion dollar debt that has doubled since 2008 and we get 11 year old secretly recorded jock talk planted and timed by MSM ?
If the public was asked what the top 5 policy issues were of the two sociopaths running for office guaranteed not even 10 % would have a clue . Yet 24 Hr “coverage ” is spewing . What would CNN do if it didn’t have Trump bashing on 24/7 ? What would Fox do if Hillary and the Bill Soap opera wasn’t available ?
Is the intent to not have people vote or keep them so dumb they have no clue what the policy platform issues are ?

JayPee

Are parasitic and destructive to the any market system
for they restrict and constrict the flow and rate of exchange.

A carbon tax is a tax on everything,
Equivalent to an unrestricted national sales tax.
It is only being called a ” Carbon Tax ” to gain favor with the gullible global warming crowd and the class warfare idiots.
And the Hillary supporters.
But I repeat myself.

Btw, I hear Mikey Moore has a new fake-umentary.
It’ll probably not be worth paying to see, however great the unintentional comedy.

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Amber

One of the most significant outcomes of the USA election is the public awakening to the utter contempt main street media holds them . Preachy condescending Liberals
pushing for the most part Democrat ideology while shutting out different values and political priorities . Telling the people what to think instead of listening . The Green Party garnering a whopping 1 % of the vote and was supposed to be the champion of what the President claims is the number one threat to the world . Global Warming rebranded Climate Change . Apparently people in the rust belt and over 30 other States disagreed with that as a priority .
The lazy media played along and sold scary climate stories they were spoon fed and in some cases refused to provide any balance to the BS they are spoon fed and have been spewing for years .
When their party lost they were so stunned all they could play was the race card and are still in denial holding out for hopeless recounts or conspiracy theories of Russian espionage and hacking .
The public has now been put back in control so if some clown weather women wants to pitch nonsense the public shifts to more objective information sources. Ones that aren’t the propaganda or fake news tool for a political party .
Universities that are now full on incubators for a one sided left wing agenda are really ripping those kids off but worst of all those like Colorado University have faculty openly saying they will not discuss opposing climate views . Education to Propaganda is a fine line . Colorado crossed it . The LA times crossed it . The Guardian , New York Times …. well what do you expect ?
Peoples actions demonstrated the jig is up . Short those media stocks they are going down .

Amber

If left wing pinko Saunders doesn’t like him he sounds like he has potential .
He looks like a guy with a bit of backbone and won’t be bullied by the Demo rat
whiners who have infiltrated the EPA .
Good luck Mr. Pruitt . …. hire security . When the looney tunes get desperate( and they are ) they go into ugly mode . Taking apart their $Trillion dollar con game is going to get them down right belligerent but who cares ? They did get about 1 % of the vote
after all . In other words the science fiction is settled in the minds of voters by about
99 % . The debate is over in their hot air world .
Drain away Mr. Pruitt the public backs you despite the shrill sound of whiners who just had their piggy bank broken .

Amber

The NASA data manipulators collectively don’t have an IQ over 38 . Bullshit merchants about to be out on their ass . Maybe Britain would like to hire NASA rejects .
Where oh where are Dicaprio and Gore going to get their alarmist propaganda ?
When is the much vaunted IPCC report coming out ? That’s right NEVER .
The jig is up they were played as useful idiots and are no longer required .
Did the IPCC hot pants smut writer ever beat those sexual harassment allegations ? Quality right through the organization .

Amber

Why would virtually no change to Antarctic ice in over 100 years be a surprise at all .
Whether it’s minus – 60 or minus – 58 certainly we know it is fricking cold and it is not about to thaw . Throw a few volcanos open below the surface and a part of it might
but if that is considered caused by climate change the science fiction is bigger than
we know .
The question is how much will the Antarctic grow by over the next 1000 years ?

Amirlach

JayPee

I’m willing to consider your argument, but I’m disturbed of your willing to give credence to the unproven and unfoundedly assumed presumption that CO2, CH4, and any other gasses that the extremist left hates are upon their dictum alone the mythical GREENHOUSE GASSES as they define them to be.

I ask you not to buy into their argument without the proof that they have never had.
They have always had conjecture, lies and hysteria and even a low percentage of consensus ( as if that means anything ).
But they have NEVER had proof of their mythical GREENHOUSE EFFECT ( as defined by the extremist left ).